2648 Watt AveSacramento, CA 95821

  • Retail properties
  • 14,500 SF
For Lease
$21/SF/YR View listing

Property Details for 2648 Watt Ave

Year built
1992
Construction
WOOD
Lot size
1.11 AC
Property size (Sq ft)
14,500 SF
Zone code
SC
Property type
Retail properties
Property subtype
Strip malls
APN
269-0090-058-0000
APU
26900900580000

Description

This exceptional retail property, located at 2648 Watt Avenue in Sacramento, California, offers a substantial 4,774 square feet of leasable space. Currently entirely vacant, this presents a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to collaborate and create a vibrant retail hub. The property is classified as retail and is situated in Sacramento County, zip code 95821. Its prime location on Watt Avenue offers excellent visibility and accessibility for customers. The building's total square footage is 4,774 square feet, all of which is readily available for lease. This presents a blank canvas for a business seeking to establish a strong presence in a bustling Sacramento neighborhood. The property's address is easily accessible and benefits from high traffic volume, making it an ideal location for a variety of retail businesses. The building is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this versatile space offers. The property is situated at 38.6135701 latitude and -121.3820805 longitude. This is a multi-tenant property, although currently fully vacant. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,822,211
    6.5%
    $2,605,118
    7%
    $2,419,038
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,217,181
    Geo Method
    $5,217,181
  • Alternative Use

    Use
    Valuation
    Residential
    $2,197,514
    Hospitality
    $2,012,911
    Educational
    $1,674,718
    Medical
    $1,732,314
    Retail
    $2,605,118
2648 Watt Ave, Sacramento, California

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.6137
Longitude
-121.382
CBSA code
40900
CBSA name
SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$40,170
$863,532
$2,465,748
$3,329,280
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